FLY Leasing Limited (NYSE: FLY) has extended the maturity date of its 2012 term loan from August 2019 to February 2022, the company said.
The term loan had a balance of approximately USD410 million as of September 30, 2016. In connection with the extension, FLY paid its lenders a one-time fee of 0.25 percent of the current outstanding principal amount.
FLY is a global aircraft leasing company with a fleet of commercial jet aircraft. FLY leases its aircraft under multi-year operating lease contracts to a diverse group of airlines throughout the world. FLY is managed and serviced by BBAM LP, an aircraft lease management and financing company.